PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.019%

Price spread now: Popdex against gTrade (Gains Network)+0.105%7-day average +0.157% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4,808as in the Price arb table

costs, in and out, $10k−$4,80348.032% of the position

Long on gTrade (Gains Network)Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.105%, 7d avg +0.157%

Together, before fees+0.087%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Popdex is 0.053% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.105% now, against its 7-day average of +0.157%). If the spread goes back, that is −$5 on $10k: about 2.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PONS/USD	0.5906	L +0.0033% / S −0.0032%	pay 0.0004% / 1h	5m 01s	$235K	—	150x
Short	Popdex PONSUSDT	0.5912	0.0096	get 0.0012% / 1h	5m 01s	$21K	$424K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee PopdexbpOrdersPrice spread, now +0.105%Rate

Funding earned: $13.26
Price spread: +0.105% → +0.157%: −$5.27
Slippage, 4 orders: −$4,784.75
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$4,795.17
Costs to cover: 48.032%
Break-even: 2538.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 44 min ago; Popdex: live order book, 44 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 44 min ago	130.01 bp	2119.4 bp −$2,119	16868.4 bp −$168.7K	doesn't fit	doesn't fit
Sell Popdex live order book, 44 min ago	7.57 bp	127.6 bp −$128	doesn't fit	doesn't fit	doesn't fit

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USDlong	L +0.0033% / S −0.0032%	1h	0.5906	long leg	$235K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.078%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5911	+0.091%	$406K	$2.6M	3x	as long as short
Popdex PONSUSDTshort	+0.0096%	1h	0.5912	+0.105%	$21K	$424K	20x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5916	+0.177%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5912	+0.105%	$69K	$131K	5x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5911	+0.088%	$5.2M	$6.4M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5905	−0.010%	$29K	$329K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5914	+0.133%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5912	+0.105%	$25K	$585K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.5918	+0.203%	$64K	$524K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5907	+0.020%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0226%	1h	0.5914	+0.131%	$60.0M	$29.5M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5913	+0.113%	$368	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0431%	4h	0.5910	+0.071%	$13.4M	$55.7M	20x	as long as short
Aster PONSUSDT	+0.0486%	4h	0.5916	+0.170%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0596%	4h	0.5914	+0.139%	$7.5M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0597%	4h	0.5914	+0.139%	$37.4M	$98.5M	20x	as long as short
Extended PONS-USD	+0.0600%	1h	0.5910	+0.075%	$101K	$811K	5x	as long as short
edgeX PONSUSDC	+0.0619%	4h	0.5913	+0.115%	$20K	$295K	10x	as long as short
Bitget PONSUSDT	+0.0644%	4h	0.5920	+0.235%	$4.7M	$12.2M	20x	as long as short
Variational Omni PONS	+0.0659%	4h	0.5914	+0.146%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTM	+0.0698%	4h	0.5916	+0.177%	$1.6M	$3.8M	20x	as long as short
Pacifica PONS	+0.0715%	1h	0.5915	+0.163%	$45K	$69K	3x	as long as short
Polymarket Perps PONS-USD	+0.0733%	1h	0.5912	+0.111%	$91K	$1.9M	3x	as long as short
Lighter PONS	+0.0824%	1h	0.5915	+0.152%	$1.7M	$939K	3x	as long as short
BloFin PONS-USDT	+0.0837%	4h	0.5911	+0.088%	$1.7M	$959K	20x	as long as short
BingX PONS-USDT	+0.0926%	4h	0.5915	+0.155%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0968%	4h	0.5913	+0.122%	$17.6M	$31.5M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5911	+0.091%	$45K	$121K	3x	as long as short